Skyworth Digital Holdings Limited Stock Forecast
Skyworth Digital Holdings Limited stock price up 1.27% on Friday
(Updated on Apr 26, 2024)
The Skyworth Digital Holdings Limited stock price gained 1.27% on the last trading day (Friday, 26th Apr 2024), rising from HK$3.14 to HK$3.18. During the last trading day the stock fluctuated 4.92% from a day low at HK$3.05 to a day high of HK$3.20. The price has risen in 7 of the last 10 days and is up by 4.26% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately HK$14.92 million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 30.47% during the next 3 months and, with a 90% probability hold a price between HK$4.01 and HK$4.28 at the end of this 3-month period.
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0751.HK Signals & Forecast
The Skyworth Digital Holdings Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$3.17 and HK$3.01. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -1.55%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Skyworth Digital Holdings Limited stock
Skyworth Digital Holdings Limited finds support from accumulated volume at HK$3.17 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.150 between high and low, or 4.92%. For the last week, the stock has had daily average volatility of 5.15%.
Our recommended stop-loss: HK$3.05 (-4.24%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (0751.HK) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Skyworth Digital Holdings Limited to open at HK$3.14, and during the day (based on 14 day Average True Range), to move between HK$3.05 and HK$3.31, which gives a possible trading interval of +/-HK$0.127 (+/-4.00%) up or down from last closing price. If Skyworth Digital Holdings Limited takes out the full calculated possible swing range there will be an estimated 8.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at HK$3.17 (0.31%) than the resistance at HK$3.21 (0.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Skyworth Digital Holdings Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Skyworth Digital Holdings Limited stock to perform well in the short-term.
Current score: 2.721 Buy Candidate Unchanged
Predicted Opening Price for Skyworth Digital Holdings Limited of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| HK$3.14 ( 1.15%) | HK$3.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0751.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.29 | 3.56 % | |
| R2 | 3.24 | 1.76 % | ||
| R1 | 3.20 | 0.649 % | ||
| Current price: | 3.18 | |||
| Support | S1 | 3.09 | -2.95 % | |
| S2 | 3.05 | -4.07 % | ||
| S3 | 2.99 | -5.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 3.23 | 1.57 % | ||
| R1 | 3.21 | 0.94 % | ||
| Current price | 3.18 | |||
| Support | S1 | 3.17 | -0.314% | |
| S2 | 3.05 | -4.09% | ||
| S3 | 2.92 | -8.18% |
0751 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 28, 2024 | May 28, 2024 | Jun 13, 2024 | HK$0.0500 | 1.58% |
| 2 | Sep 07, 2023 | Sep 07, 2023 | Sep 07, 2023 | HK$0.0300 | 0.97% |
| 3 | Sep 08, 2022 | Sep 08, 2022 | Sep 08, 2022 | HK$0.0300 | 0.91% |
| 4 | May 26, 2022 | May 26, 2022 | May 26, 2022 | HK$0.230 | 6.04% |
| 5 | Jun 04, 2019 | Jun 04, 2019 | Jun 04, 2019 | HK$0.0600 | 2.97% |
FAQ
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